Beyonce & Jay-Z Help Toast 'Sportsman of the Year' LeBron James

Stepping out to support their basketball star pal, Beyonce and Jay Z attended the 2012 Sports Illustrated Sportsman of the Year Award presentation in New York City on Wednesday (December 5).

The Grammy Award-winning songstress looked gorgeous in an all-red cleavage baring ensemble while posing with her hip hop mogul hubby, who looked dapper in a black and white tux.

During the course of the evening, the musically-talented mates took time to pose with Miami Heat All-Star LeBron James, who was accompanied by his lovely fiancé, Savannah Brinson.

The 27 year-old reigning NBA champion earned SI's top honor while becoming the first pro basketball player to bring home the award since his Heat teammate, Dwayne Wade, was crowned as Sportsman of the Year Award in 2006.

Expressing his gratitude for the prestigious accolade, James told the Associated Press, "I remember just like yesterday when I signed here [in Miami] and basically, like the roof caved in," adding, "To see that I and my team and everyone around me was able to patch that roof up, to come to this point, to come to this point and receive such a prestigious award, it's huge."